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1-9A (Algo) Analyzing transactions and preparing financial statements LO P1, P2 Skip to question [The...

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Accounting

1-9A (Algo) Analyzing transactions and preparing financial statements LO P1, P2 Skip to question [The following information applies to the questions displayed below.] Sanyu Sony started a new business and completed these transactions during December. December 1 Sanyu Sony transferred $66,100 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. December 2 The company paid $1,400 cash for the December rent. December 3 The company purchased $14,600 of electrical equipment by paying $6,400 cash and agreeing to pay the $8,200 balance in 30 days. December 5 The company purchased supplies by paying $700 cash. December 6 The company completed electrical work and immediately collected $1

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